Oracle Chairman Larry Ellison changed his mind on the importance of cloud computing, leading the company to relevance in the industry.Illustrator: Christian Capestany; Getty(3), Adobe(2)August 20, 2025 at 7:00 AM EDTOracle Corp.’s Larry Ellison used to scoff at the idea of cloud computing, saying in 2008 that it was “complete gibberish.”Now, the success of Oracle’s cloud infrastructure unit is why the company’s stock price has soared and made Ellison, its chairman and co-founder, the second-rich...